Description
This research investigates the reality of Value Management. It reviews published work across multiple paradigms and it includes interviews with knowledgeable agents who supply international evidence from business and public service organisations. The research deploys mixed methods of phenomenology, hermeneutic analysis, and soft systems analysis to investigate theory in the field of value management. It adopts a multiparadigmatic methodology to deduce ontology of Value Management. This research proves that Value Management is a fundamental discipline of management and this research concludes that this discipline concerns the production of value for people.Conclusions are drawn by deduction, not induction, to create paradigm stories, and derive fundamental theory for Value Management. The research develops multiparadigmatic theory which can support strategies that combine legitimacy and capital to create value for people. The research also investigates relationships between satisfaction of need and use of capital to create and manage value. The research connects classical foundations for marginal utility economics theory to the value equation, used in the paradigmatic method “value analysis” (EN 12973), and deduces that understanding and managing variation in the value ratio determined by “value analysis” lies at the heart of solving economic problems. The research also demonstrates that Value Management operates at the heart of needs based assessment and at the head of decision making, including those decisions concerning important public needs, governance, direction, strategy and systems. The findings should strengthen and improve management decision making for setting direction and creating, planning and controlling action to produce value at any level of organisation. The research also makes recommendations to develop the basis for education of managers and to develop themes for future research in the discipline of Value Management.
| Period | 28 Sept 2019 |
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| Examinee | Michael Graham |
| Examination held at | |
| Degree of Recognition | International |